Investing: Data Stocks Continue Rebound

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Data center stocks continue their rebound from last winter’s lows, with most shares rising between 20 and 60 percent during the third quarter of 2009.  That’s an improvement on the 15 percent improvement for the Dow Jones Industrial Average and S&P 500 during the quarter.

The largest quarterly gains were seen from companies whose shares have struggled, led by managed hosting provider NaviSite (NAVI), which is up 59.9 percent for the quarter. Other managed hosting companies with solid gains included Savvis (SVVS, up 38 percent) and Rackspace (RAX, up 23 percent). Strong quarters for data center REITS Digital Realty Trust (+27%) and DuPont Fabros Technology (+41%) reflected the strength of the wholesale data center market, while leading colocation specialists also had solid performance.

All was not rosy everywhere, though, as content delivery providers took a beating amid growing concerns about pricing pressures and margins. Here’s a look at the performance of the leading public data center companies in the quarter:

DC-Stox-3Q-2009

Remember to track our Data Center Investor channel for performance updates on data center companies. For tracking individual stocks, you can use the “Companies” link in our navigation bar, or just type the company’s ticker symbol into our search box.

About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.

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